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Exclusive: IMF exploring creation of new trust to provide SDRs to broader group of countries – Georgieva

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Reuters

By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund is exploring creation of a new trust that could allow its members to lend their IMF reserves to a broader range of countries, including middle-income countries vulnerable to climate change, IMF chief Kristalina Georgieva said on Sunday. Georgieva said leaders of the Group of Seven rich economies had given the IMF a ‘green light’ to keep working on the plan, and China – the world’s second largest economy – had also expressed interest, along with middle income countries that could benefit from such a fund. She said the IMF w…

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